Q. I have read several articles discussing the rise in employee contributions into the FERS portion of our retirement. It mentions new hires and rehires with less than five years of service. Does this “five years of service” apply only to rehires hired after December 2012, or does the “five years” also apply to new hires, as well? My service computation date is July 2009, meaning that I will have less than five years of service at the end of 2012. Am I going to face this FERS increase, or does the five-year issue only apply to new hires? A.…
Browsing: hire date
Q. I am an employee under FERS with a hire date of Sept. 8, 1987. I plan on retiring the day after my 56th birthday in 2012 under the minimum retirement age provision. Am I eligible for the FERS supplemental annuity if the decision to retire is voluntary? A. No one who retires under the MRA+10 provision is eligible to receive the special retirement supplement.
Q: I was hired by the USPS on Jan. 5, 1985, as a casual. Two weeks later, on Jan. 19, 1985, I was converted to career status. I was told at the time that was because of a new retirement system going into effect, and I have been in FERS my entire career. My question(s): Is there a significance to the date Jan. 19, 1985? If FERS did not become effective until Jan. 1, 1987, was I placed in the wrong retirement system? If that is the case is there anything that can be done at this point in time to…